What column do you put the deposits in when you are balancing your checkbook?
• date
• transaction
• debit
• credit
Credit
AAAaannndd the bot gets it wrong yet again!
go get your checkbook and think about it.
When balancing your checkbook, you typically put the deposits in the "credit" column. This is because a deposit increases the balance in your checking account. The "credit" column is used for recording any money that is added to your account, such as deposits or interest payments.
To balance your checkbook, you usually follow these steps:
1. Start by writing down the date of each deposit in the "date" column. This helps you keep track of when the deposit was made.
2. In the "transaction" column, describe the source of the deposit. For example, you might write "Paycheck" or "Cash deposit."
3. In the "credit" column, record the amount of the deposit. Be sure to write the amount accurately to avoid errors when balancing.
4. After recording the deposit, update the balance in your checkbook. Add the amount of the deposit to your previous balance to calculate the new balance.
By following these steps and recording deposits in the "credit" column, you can keep an accurate record of your account balance and ensure your checkbook is balanced.